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In reply to the discussion: Declaration of a State of Emergency -- can President Obama issue one to prevent default? [View all]Samantha
(9,314 posts)to protect our country from a calamity. If you read down the list of existing declarations, you can see there are a number of declarations of emergency power used by many different presidents for various reasons. That is just a way of saying declarations of emergency by the President are not at all extraordinary.
I found this option when it occurred to me there must be some larger protection mechanism the President could use to save the economy from collapse, especially when we are in a state of war. To not allow for extraordinary power to neutralize the threat of an economic collapse, especially after what we witnessed during 9/11, would be unacceptable. Reviewing the history of some of these declarations reveals that they have been renewed annually to keep them from expiring. We have, for instance, one that involves our problems with Iran. But when the threat is over they can be revoked or allowed to simply expire.
Sam
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